Emerson to offer complete portfolio for ONGC’s KG-DWN 98/2
Global technology and engineering company Emerson will be offering its complete portfolio for ONGC’s KG-DWN 98/2 project, said a top company official. “There is a lot of conversation here about developing some additional gas and oil resources. We are pursuing a project now with ONGC for major development there…We are offering our complete portfolio for ONGC’s KG-DWN 98/2 project. This includes control systems, instruments, valves, the reservoir modelling software and some of the additional, what we call, applied web capabilities. It’s our version of a digital ecosystem,” Mike Train, President of Emerson, told BusinessLine. India biz “Technip will typically be a contractor. We will be a provider through them. So they or others are going to engineer large portions of the project. These companies (like Technip) become a customer in the sense of how we transact, even though it all ends up in ONGC’s hands,” he said. Commenting on growth plans from India business, Train said, “The Indian economy annually grows at roughly 7-8 per cent. So, from our point of view, if an economy is growing like that, we think that we should be growing potentially at 8-12 per cent per annum, depending on where the capital expenditures are moving around.” “We have announced a grassroots (green field) manufacturing centre for a number of our products in Pune. It will take around two years to complete and we are in the midst of that. We already have nearly 7,000 employees in India with 4,000 engineers. We use India for producing goods, equipment, and control systems software for India. On top of that, we use India as a global engineering centre for R&D of products and also for working on global projects,” he said. “The capital expenditure for the initial phase of the Pune facility is $100 million. There will be at least two phases and we will set it up to expand over time. We would expect some initial phases operating in 2020,” he added.